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St. Margaret’s Health - Peru

23 B 11641
Chapter 11 debtors sought conditional approval of their disclosure statement, and authority to hold a combined hearing on the disclosure statement and plan. The U.S. Trustee objected to both requests. HELD: Objection overruled. The Bankruptcy Code provides for combined hearings on disclosure statements and plan confirmation in all chapter 11 cases, not just small business cases, so long as the court deems it appropriate to ensure that the case is handled expeditiously and economically. This disclosure statement contained adequate information to enable parties to make an informed judgment about the plan. Therefore, the court conditionally approved the disclosure statement, and entered an order setting a combined hearing on plan confirmation and final approval of the disclosure statement.

Wednesday, May 8, 2024